FAW Jiefang: Geopolitical Tensions Temporarily Weigh on Exports to Some Regions, but Overall Overseas Sales Continue to Grow

FAW Jiefang stated during a recent conference call that, in the first quarter of this year, demand for commercial vehicles in certain export markets came under pressure due to the international situation. However, overall exports of Chinese commercial vehicles continued to grow. The company believes that overseas market demand has a solid foundation for long-term growth, and the current impact of the international situation on specific regions is short-term and localized. Demand in these regions is expected to recover, and increased sales in other regions can offset the temporary shortfall.